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CNBC
Oct 8, 2012 3:00pm EDT
we're looking at brent crude holding pretty steady here. in light of what has happened in california in the last 24 hours, the fact the california governor put in the ability to have winter grade gasoline there a little earlier than usual, that may be something that's causing gasoline futures to fall. but we are looking at prices at the pump. some say could drop also. really depends on what happens there. that's the wild card that could send prices higher through election day. back to you. >> you can have all the oil you want, but you can't process it. what's the point? thank you. >>> why aren't gasoline prices coming down as fast as oil prices? we'll hear from somebody that says it's because of something that hasn't happened in over 70 years. >>> two big stocks, two big calls. netflix shares are up after morgan stanley upgraded it to overweight. ubs recommending hp, hewlett-packard, should break up into two businesses. an enterprise business and pc printer business. given both stocks are down some 40% over the past year, either beaten down name a buy right now? it's hp versus netfli
CNBC
Oct 2, 2012 3:00pm EDT
the fortune summit in laguna, california, is former yahoo! ceo carol bartz. thank you for joining us. >> good to see you. it's so bright here i have these shades on. i'll try. if i squint too much i'll put them back on. >> i understand. you do whatever makes you comfortable, chairl. thank you very much. your successor at yahoo! just unveiled her plan for the company. she's focusing on personalization, mobility, and investing in projects that reach 100 million users or $100 million in revenue. what do you think? what's your take given your experience at yahoo!? is this the right way to go? >> i think he's right on. i think she's a good choice for yahoo!. she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, right? >> well, that was a little bit overblo
CNBC
Oct 15, 2012 3:00pm EDT
murdoch and his sons the boot. >> the california state teachers retirement system, say they want rupert out as chairman and they will not vote to re-elect murdoch or his son it is to board. is it possible to oust the family from a family-run company? >> let's talk about that with vasili, senior media analyst and matthew ha matthew harrigan. you're not buying this, are you? >> it is, after all, a family-controlled company. they control 38% of the voting power. previously there were attempts like that. i think last year we had a lot of noise going into the shareholder meeting and the board is still very heavily representative of the murdoch family. >> math thou, what do you think? >> no, not with prince's involvement and very good stock and operating performance over the last year. you know, i think some of the issues in the uk at least perceptionwise is invariably avoided. he ceded to the publishing spin but i think over the longer time frame he certainly created a lot of value. i think sometimes he's bucked the trend doing things like starting fox news on an organic basis, which wasn't
CNBC
Oct 12, 2012 3:00pm EDT
seen in the cash markets here on the east coast as well as in california. as we have seen there, of course, the regulations there for winter grade gasoline, which is cheaper, going into effect a few weeks earlier. that has certainly helped increase the supplies there. that's helped bring down prices. we're still looking at the lowest prices in a week's time. we're looking at $3.81 a gallon. still, 12% higher than what you were paying a year ago. back to you. >> and i filled up last night. wouldn't you know it. thank you, sharon. okay. shares of both wells fargo and jpmorgan chase lower today despite those better than expected earnings that they reported this morning. of the two, which is the better buy going forward? or have the financials simply topped out overall? let's talk about that today in "talking numbers." gentlemen, good to see you both. david, you first. your reaction to the earnings. does this selloff today for you represent a buying opportunity? >> yes, it does, bill. both companies, as you said, reported better than expected earnings. jpmorgan actually had a much bette
CNBC
Oct 4, 2012 3:00pm EDT
california. back to you, bill. >> lovely. sharon, thank you very much. so let's move on to target. today announcing it will no longer report monthly sales figures starting next year. that is a move that aligns it with competitors like walmart. we should point out both target and walmart are up about 25% so far this year. big moves there. which of the big box retailers is the better buy right now? that's what we're going to talk about in talking numbers today. on the technical side, it's mark newton. on the fundamentals, patty edwards. good to see you both. mark, give us the charts. who looks better right now among two strong retailers? >> i like walmart a lot better than target. it has a superior longer term chart. i think it should still outperform. we see a monthly chart of walmart going back since the d mid-'90s. it went sideways for almost a decade. recently the stock broke out to new high territory, really in june of this year. that caused real acceleration. oftentimes it's important to watch when a stock hits new annual highs or all-time highs. that can lead to further acceleration
CNBC
Oct 16, 2012 3:00pm EDT
the numbers are released. that's all ahead on the "closing bell." for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> you know, usually when a company's chief executive officer abruptly resigns as vikram pandit did today, it's bad for the stocks. not the case today. >> citigroup off its highs but still up about 0.7 p%. heavy volume in the stock. remember, citi will host that conference call at 4:30 p.m. eastern standard time. keep it here on cnbc. we'll have that live for you. bill. >> all right, seema. thank you very much. so what does the shake-up at citi mean for the financial sector? they've been a leader whether up or down. pimco's bill gross has been out
CNBC
Oct 5, 2012 3:00pm EDT
nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> motorists in california got some sticker shock at the pump today. gasoline prices jumping 17 cents overnight. . sharon here with the details. >> it's incredible. nearly $6 a gallon at some stations in southern california. stations talking about possibly running out of gas because of the high price. a lot of consumers worry it could happen to them. california is a special case based on the special type of gasoline that's required in that state. the refining issues that are servicing in california and elsewhere around the country are having an impact on prices. not only on the national average, but on different pockets. we are looking at prices that vary quite a bit across the country. from california, we also have in the south some of the cheapest gas, just over $3.50. in the new york area, over $4. the fact remains the national average at $3.79 a gallon is likely to go higher based on what we've seen in the futures market over the last several weeks. we are likely, some traders say, to see $4 gasoline as the nat
CNBC
Oct 3, 2012 3:00pm EDT
most of malibu, california. >> i thought it was so funny. i said, why did you take out a $4.5 billion line of credit? why does a guy with $4.5 billion need a $4.5 billion line of credit? he said, just in case i want to buy the l.a. lakers or something. >> he is one eclectic guy. that's for sure. >> it was interesting to have the discussion. >> that was great. great fun. good to have you back. >> thank you. >> all right. we're coming back with the closing countdown after this. >> after the break, he's one of the most successful major league managers than ever. who better to talk about than what is shaping up to be a wild last day of the regular season than joe torre? he's with me later on the "closing bell." [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. we know you.atever your business challenge, we know you have to rise early... and
CNBC
Oct 19, 2012 3:00pm EDT
york and california, which have some of the highest prices, we've seen a significant price drop. so that's a little bit of good news for consumers going into the weekend. back to you. >> all right, sharon. thank you very much. the market selling off on this, the 25th anniversary of black monday. all major averages plunging nearly 2%. of course, 25 years ago it was 22%, which would translate to about 3,000 dow points today. so is it a one-day event, or will weaker earnings bring more declines ahead? >> well, that's what we're looking at. here to break it down right now is david from morgan stanley and our own bob. david, you've been calling for 1167 for the s&p 500. >> that's correct. the market has surprised us to the up side, mainly because we've been right with the earnings. however, the price earnings m l multiple has expanded. spain's bond yield are down. quantitative easing in the united states and the outright monetary transactions by the european central bank. all of those things have led people to basically give a higher multiple to the earnings. that's what's happened. that
FOX Business
Oct 8, 2012 3:00pm EDT
just heard us talking about them. the prices in california keep hitting record highs. the team breakdown where energy prices are headed and what it means for your money. ♪ ♪ liz: have you been one of those people who are hanging onto netflix stock? it is up about 11% right now. it is our power mover. shares surging. netflix pick after morgan stanley upgraded the stock from overweight to equal weight. this was one of seven dollars stock just back in may. it has just not had a great move until today. if we show you the three your picture, then you get really depressed. that is what netflix used to look like. let's look at the fox 50 right now. weimar read than you do green. dell is number one at the moment. viacom coming up next. we have very thin volume. let's get to nicole petallides. what are you watching? nicole: i am taking a look at some of the banks. how about a look here at national bank of greece. it is not trading on friday. it is trading today. you can take a look at this big john. it is all on the heels of something that leaked out. that is a huge move. @alks abou
CNBC
Oct 11, 2012 4:00pm EDT
a look, if you will. foreclosure filings in q-3 are way down in california, arizona, michigan, and georgia. these are states where foreclosures don't need to go before a judge, so they've been moving quickly. investors have been inhaling the property, pushing prices higher. buying into this, not the best way to profit. on the flip side, you're going to get better deals and bigger profit now in states that are seeing foreclosure spikes, states where you need the judge and where houge backlogs are finally moving. new york, new jersey, florida, and illinois seeing double and triple digit jumps in foreclosure activity. investor demand has driven supplies on the low end out west down dramatically. zillo reporting today that the cheapest california homes down 43%. that's squeezing those much-needed first-time home buyers out of the market. michelle. >> all right. thank you so much. based on all those numbers, are things looking up in the housing market? >> two guests on that. sherry is a real estate attorney. she thinks the house market will still bump along for some time to come. sherry
FOX Business
Oct 19, 2012 3:00pm EDT
, what helps is states are raising taxes a lot of states particularly new york, california, they're tax-free; right? so when they raise taxes, you go buy an investment that you can get a tax break. it is still one of the big loopholes that average people can benefit from so she would say the reason why the prices are going up is because, you know, taxes are going up because to pay for the budget deficits that i predicted. there's some truth to that. but her entire investment thesis was based on armageddon, 50 to 100, billions of dollars, didn't happen, hasn't happened yet. and it may not happen next year. liz: charlie gasparino, i would have never thought to pair that tie with that shirt, but i like it. >> does it look bad? liz: no, it looks good. >> you know, i was hung over -- liz: stop. >> >> and i looked at that and i thought i will get that one and that shirt. liz: it's all about flash memory. up next, the giants in the industry, one of the biggest names in the field, the ceo and president of sandisk sanjay mehrotra and perhaps more importantly the stock is doing really well after
CNBC
Oct 10, 2012 4:00pm EDT
julian in california said refito a lower payment but keep making the previous payment in order to pay down the loan faster. some are doing home improvements but not at the rate we saw during the housing boom when cash out was king. that is bad news for home remodeling companies and home decorators. yesterday owens corning cut its full year forecast. this is the point where i would tell you to check out more details. do that but also go to my new facebook page for this information and everything you ever wanted to know about real estate. >> we like it already. >> if you can't beat them join it. like it. >> we're friends. don't worry. >>> wait until you hear what this guy tried to sneak through airport security. >> and then we see all the items -- [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's
FOX Business
Oct 11, 2012 3:00pm EDT
-year low. but then a closer look revealed that one large state, possibly california, left out a whole bunch of claims. the numbers did not come in at the timely point. and so they are likely to be revised higher. so people decided maybe this number isn't as good as it looks at least right now. i will tell you what does look good, the initial public offering market. ipos finally seeing some clarity at least for today. we've got four names debuting, and all four names soaring during their debut. we have intercept pharmaceuticals, realogy, kythera and then shuttershock. all up. then we get to home depot, is the performance too good to be true? yesterday analysts said this company has done so well, it is bound to trip up. will it? coming up this hour, we're speaking exclusively to the chairman, president and ceo of home depot, frank blake. this is a rare interview. he rarely speaks to the media, but you know what? he is speaking to fox business to tell the home depot story. the analyst who downgraded him yesterday, you don't see that very often, downgrading home depot, it is up abou
CNBC
Oct 8, 2012 4:00pm EDT
bell." >>> also coming up, nightmare in california. why the golden state is the only one in the country to see higher pump prices over the past couple of weeks and what that could mean for the rest of us. >>> up next, mixed signals. major averages may be near multihighs but we'll make sense out of the good and ugly. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd
CNBC
Oct 17, 2012 4:00pm EDT
. to an excessive degree. it's one of the reasons why california's gasoline prices spiked so high recently. they use a boutique blend of fuel. >> no, robert, you're mistake. the reason why gasoline prices spiked in california -- >> are you going to interrupt me again? >> yes, i am. >> we've been over this. being rude does not help you make your point. >> they had a fire and production is down. >> this sounds like the debate last night. obama and romney. >> romney gives rhetoric. obama gives facts. >> we just want the facts here. we just want to look at economic landscape and how to allocate money so our viewers get value out of this. we appreciate your time tonight, gentlemen. see you soon. thank you so much. >> thank you very much. >> up next, food inflation and the fiscal cliff. you'd think the head of the largest grocery chain in the united states would be one of the most pessimistic ceos out there. actually, he's quite optimistic. the head of kroger will sit down with me for an interview you'll see only on this network. >>> later -- >> it's a disaster. massive balance problems
CNBC
Oct 31, 2012 4:00pm EDT
nice hat. >> thank you, yes it's a big deal up here in northern california, the big parade. i would have loved to have been there. the giants were a bit of a surprise to win the world series but always surprise us on the upside and we're all thrilled and hopefully the 49ers can do it, too. >> brian any surprises for you? october historically tough for the market but this year especially tough. >> remember we're also playing a pare back. you had a 14% run off of the june low. so to see consolidation vis-a-vis the fiscal cliff and election it's no surprise. wells fargo is looking to add to risk assets in the equity markets on pullbacks on the cyclical side, we like consumer discretionary, tech effect, and i think also looking in keeping an eye out in some of the nuances out of the hurricane, for example you look at the home improvement retailers did very well today, the rebuilding process while short term may be an issue for markets over the longer term as seen with katrina where you possibly could see better economic growth after this quarter. >> we'll see about that. that's a really
CNBC
Oct 5, 2012 4:00pm EDT
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CNBC
Oct 16, 2012 4:00pm EDT
lot more ahead. stay right there. for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> welcome back. earnings flowing right now. intel and ibm reporting quarterly earnings just moments ago. ibm is trading down. company reported $3.62 a share. revenue coming in at $24.7 billion, slightly below the estimate. we're breaking down the numbers now. thank you so much for joining us. let's talk first, ibm. we had the intel numbers out already. dan, what's your take on the ibm quarter? >> from what i can tell so far, it looks like the revenue number looks a little short. we don't have guidance yet for the next quarter, that being the fourth quarter. initially looki
CNBC
Oct 4, 2012 4:00pm EDT
housing prices. even in counties in california where you had a huge boom in housing. so housing is becoming a better economic engine. presently, we're only building about 500,000 new homes. in a year from now, i expect us to go back to that million new home level, and that's going to create new jobs. second of all, our banks are in great shape. they're in much better shape than the european banks, much better shape than the asian banks. i believe they have a capacity to lend more when there's sufficient demand. three, you know, we have been blessed with incredible amounts of energy. we're the third largest producer of oil in the world today. oil production in the united states is up 8%. we have all the natural gas. so this is going to be a huge job creator. a few weeks ago i was in germany and saw one of the ceos of the largest german factory. they're going to close a factory in one of their cities and opening a factory in charlotte. the reason why, our natural gas is now about $3.40 btu. in europe, it's over $11. in asia, it's over $18. because our natural gas prices are so much c
FOX Business
Oct 22, 2012 3:00pm EDT
monster beverage are sitting right now down 14%. there has been a suit filed in riverside, california, involving a case of so-called caffeine toxicity. too much caffeine and a young girl there, 14 years old died. so we're waiting to see what develops here, but right now the market is not waiting. they are pulling the stock down. let's get back to ron weiner. he says stop focusing on the economy's macro issues, time to pull out the microscope if you want to make some money. he's back with some names you believe have room to grow. let's start with one positive note, that appears to be a bottoming out of the housing industry. wells fargo is your pick here. >> not just that, 50% fee for mortgages and financial services and 50% from income from interest. it is a good bet. number one mortgage organizer in the world. liz: 30% year over year. >> it's been a good play but we think it has a lot more room to run. liz: what will generate that? >> lower interest rates. the fed said we're going to keep it low. liz: still find a way to have decent margins? >> that's tough, but they also have -- not
CNBC
Oct 9, 2012 4:00pm EDT
impact that may have. gas so expensive in california this week people have been driving to mexico to fuel up. maria, talk about making a run for the border. back to you. >> jane, thank you so much. >> that's back to you. i'm done. >> i know you're done. what i want to see is if some of these expenses in terms of higher food cost is going to show up in these numbers. >> they're going to talk about it more into 2013 because what you're seeing in the short term is these high food costs means that a lot of protein, a lot of meat is being slaughtered early. you won't have the high meat cost now. you will next year. 2013 when to look for that. >> we'll keep looking. jane, thanks so much. see you later. a fresh batch of key earnings and economic reports could move your money first thing in the morning. keep it here. we're going to talk to three of wall street's best economic analysts and how >>> welcome back. 30 seconds on the clock. our next guests are ready to tell us what they think will move their money. paul, we begin with you. what are you looking at tomorrow? >> we have international
CNBC
Oct 2, 2012 4:00pm EDT
away, ellis oon dropped t of school and headed to california with little money in his pocket. his skills were quickly recognized. he helped build the first ibm compatible mainframe system. in 1977, he and two of his colleagues broke off and started a company that would eventually become oracle. ellison took the company public in 1986, already a billion-dollar enterprise. now a $100 billion company, his mystique has grown as a billionaire who lives on the edge. he's made shareholders nervous while suffering body blows from mountain biking and surfing. he won a yacht race in sidney overcoming hurricane-strength winds that sank five competitors and drowned six participants. some have speculated he's the inspiration for the tony stark character in "the iron man" films, with ellison even making a cameo in the most recent sequel. ellison's passion for boating it now focused on the america's cup competition. >> this sis extreme sailing. >> he's the principle supporter of the oracle bmw racing team, which won in 2010, besting the field by more than five minutes. in a less dangerous side,
CNBC
Oct 25, 2012 4:00pm EDT
well. i'm kind of worried about them having to pay state sales tax. we know in california they're going to have to start doing that. that may take away some of the advantage that they have over some of the brick and mortar stores. this will be interesting to see how that plays out. initially, i think things are beginning okay. obviously, this revenue is not good. we're expe >> we're expecting a loss for the quarter. it feels like amazon doesn't care about profitable. it's just churning out profitability and every quarter it's growing revenue strongly up until this quarter. is that a fair statement? we want to really go through this number, make sure this is apples to apples. what i'm getting here, dan, is a loss of 23 cents a share. it was expected to be a loss of 8 cents a share. we're going to look at this and make sure it's apples to apples. 23 cent loss is pretty bad, don't you think? >> yeah, that doesn't sound good. there could be one-time items in there. massive buildout in terms of their distribution centers and fulfillment centers. we know that's been impacting margins, a
Search Results 0 to 23 of about 24